Added on March 2016 in M&A Issues
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Summary: Mercer Advisors is staking a claim to be one of the country's largest RIAs. The Santa Barbara, Calif.-based firm is merging with Kanaly Trust of Houston to form an $8 billion-plus powerhouse firm with 20 offices around the country.
Added on March 2016 in M&A Issues
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Summary: On the prowl for new avenues for growth, private equity firms are ramping up their pursuit of the RIA market.
Added on March 2016 in M&A Issues
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Summary: When making an acquisition, being able to articulate your ideal target is something you should carefully consider. For example, what kind of practice you want to have in the future, including your objectives for the types of clients you want to help, the services you want to offer, the optimal number of client relationships you can support, and the level of assets under management you want to achieve. This will help you target the existing practices you should seek to acquire to meet your goals.
Added on March 2016 in M&A Issues
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Summary: Transaction volume for mergers and acquisitions of independent advisory firms in 2015 reached a 10-year high of 84 deals, up 56% from 2014 and 127% from 2006, according to Charles Schwab Advisor Services Deal Data report.
Added on March 2016 in M&A Issues
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Summary: Registered investment advisory firms represented 40 percent of the buyers in the 84 M&A deals tracked by Schwab Advisor Services in 2015. That’s up significantly from 2012, when RIAs made up less than 25 percent of buyers, and down slightly from 41 percent in 2014.
